Peterson Company is a manufacturing company in Canada. The Work in Process Inventory account of Peterson Company that uses an overhead rate based on direct labor cost has a $3.750 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $1730 and direct labor cost of $790. Therefore, the amount of the applied overhead for Peterson Company is. Multiple Choice $2.520 52 960 $1730 $2.020 $790